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Government inches closer to finalising oil refinery deal with Alpha MBM Investments 

A photo collage of Energy Ministry Permanent Secretary, Irene Batebe and Tony Otoa, UNOC Corporate Affairs Director. The two government officials have confirmed the oil refinery deal is still on.

Uganda’s Energy Ministry Permanent Secretary, Irene Batebe has, in an exclusive interview with the CEO Magazine, revealed that government is on course with Dubai- based Alpha MBM Investments to have agreements signed ‘soon’ for the financing and construction of the oil refinery at Kabalega Industrial Park in Hoima District.  The government oil refinery investment deal is under the belt of Uganda National Oil Company (UNOC) which handles the country’s commercial interests in the petroleum sector.  Tony Otoa, the UNOC Corporate Affairs Director said the details of the deal will be shared after financial closure, dismissing reports of an online article…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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